Stantec Inc. (TSE:STN) (NYSE:STN) Director Carl Frank Clayton sold 10,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total transaction of C$351,000.00.
Shares of Stantec Inc. (TSE:STN) opened at C$35.05 on Friday. Stantec Inc. has a 1 year low of C$30.24 and a 1 year high of C$37.13.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. Stantec’s dividend payout ratio is presently 48.27%.
A number of research analysts have issued reports on STN shares. Canaccord Genuity increased their target price on shares of Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. CIBC increased their target price on shares of Stantec from C$37.00 to C$38.00 in a report on Monday, November 13th. Desjardins increased their target price on shares of Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. Scotiabank reaffirmed an “outperform” rating and issued a C$40.00 target price on shares of Stantec in a report on Friday, November 10th. Finally, Raymond James Financial increased their target price on shares of Stantec from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$39.38.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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